Topic: | ARDOR | Scalable Blockchain-as-a-Service Platform | Proof of Stake - page 190. (Read 396062 times)

Move your NXT tokens from the exchanges to the Nxt wallet (https://www.ardorplatform.org / https://nxt.org)

Even Hodor Would Understand  

As far as I know exchanges have not implemented a way to track the ARDR stake your exchange account has received so far during snapshots, so there is no immediate way to tell how exchanges snapshots are working. But for the exchanges that have committed to track Ardor distribution for user balances, we should assume the process will work.

About a transfer of your NXT to an account you hold the passphrase for, so you can open it with the Nxt Client - all accounts have their own snapshot count. So if you had for instance 10,000 NXT in account A for two weeks, and then you moved your NXT to another account B and keep them there for the remaining ~10 weeks of the snapshot period, after snapshots end you will receive approximately 1,666 ARDR in account A and 8334 ARDR in account B. Proportional to the time NXT spent in each account.

Also, note that in order to transfer NXT to your own wallet you do not need to complete the Nxt blockchain download in your client. Having the full blockchain in your computer just means that you have a local copy of the blockchain information, so your client can display all the past blockchain information without requesting it to the network. But as soon as you have generated a Nxt account and saved your passphrase, you can send NXT to that account, and once the exchange has processed the transfer, your NXT will be already in the new account ready to receive there the next hourly snapshot.

Nxt Client 1.10.0 experimental adds roaming/lite client features so users can operate with their accounts using public nodes in the network, with no local copy of the blockchain.

Ah this makes sense at the moment, I have my NXT on the exchange for now until the NXT wallet blockchain is finished, it is half way done right now and it just needs to complete.

In saying this does the snapshot of the exchanges work as well, and if I move it now in to a wallet on my PC how does that impact me because I am now going to be moving it on to a wallet and not being in the same address as it was?

The snapshotting period is 3 months.

If you have 135,000 nxt the whole 3 months you will get 135,000 Ardor.

If you have the 135,000 nxt for 2 months you will get 2/3 of 135,000 Ardor and so on.

It is recommended not to hold your nxt on an exchange.

How do you guys average out NXT, I have around 135,000 NXT on an exchange so how much in terms of ARDR would I be receiving because it did not make sense as to an average to what you receive in ARDR. 

Yes, it really works. Got lucky several times in two weeks.

Did you know that you can mine NXT in the Lucky node lottery project?
Follow instructions in the link and turn your laptop into a money making machine. You don't wear off your computer, the computational requirements are so low, some people set it up on a solar powered Raspberry Pi.
Run it 24/7 or as often as you can while you work or play. Bandwidth requirements are quite low for modern ISP plans.

Mine NXT, get ARDR.

Nxt has never been just a coin. Since 2013 you can use it already for so much more. And the difference is everything is packed in Nxt without third parties. Nxt is truly decentralized. 

Yup dam nxt whale swimming around crapping nxt all dam day today. Oh well btc price dropping nxt price dropping cheaper nxt for me.

Coins are the past. blockchains are teh future. With the NXT blockchain you get more than just coin that's already skyrocketed in value and keeps growing. You get technology that businesses crave. They're building technology of their own on it right now. And you get to take advantage of it all

But, why? Thought this was just a coin.

It also drives up the price, so those of us that invest in NXT and get Ardor Tokens will make a nicee profit

well do you care if the blockchain business grows? The only way for crypto to change the world up is to get real businesses to base themselves on the tech. That brings value to the whole community.

Cool, but why should I care then about the business? Like, whats in it for me?

So that you can start building your business around them from day one. No other Smart Contract system makes them ready and safe for you.

NXT gives you business ready Smart Contract Templates ready to go, right then and there.

They coded the Smart Contracts. They tested them. And they built the contracts for every business need.

The NXT Core Devs did all the work for you.

It just might. Anytime it goes up someone dumps 500k-1 mill nxt from what I have seen.